Teladoc Health announced on February 5 that it signed a definitive agreement to acquire Catapult Health, a Dallas, Texas-based provider of virtual preventive care services.
Catapult Health is focused on transforming preventive and primary care delivery through its VirtualCheckup and worksite checkup solutions. VirtualCheckup is an at-home testing solution combined with face-to-face video consultations with licensed healthcare providers. According to the original deal press release, Catapult Health’s trailing twelve-month revenue was approximately $30 million as of the third quarter of 2024. Catapult Health’s annualized revenue for 2024, based on the first three quarters, would be approximately $40 million.
Teladoc Health is a multinational telemedicine and virtual healthcare company headquartered in Purchase, New York. The organization manages digital health services such as telehealth, AI and analytics. Teladoc Health delivers care in 175 countries and in more than 30 languages, partnering with employers, health systems and insurers.
“Merging Catapult’s virtual health risk assessment expertise with Teladoc’s best-in-class chronic condition management programs creates a huge win for all stakeholders,” said David Michel, Chief Executive Officer of Catapult Health, in an email to the LevinPro HC team. “This is as close to a perfect fit as one can get.”
“Catapult Health’s capabilities will help advance our strategy in meaningful ways — from giving more members access to convenient and impactful wellness and preventative care, to unlocking greater value for our customers,” said Chuck Divita, Chief Executive Officer of Teladoc Health. “Catapult Health brings an experienced team and a strong culture of innovation, and we are thrilled to welcome them to Teladoc Health.”
Teladoc Health plans to leverage Catapult Health’s approach to patient-centric at-home diagnostic testing, as well as its engagement and clinical support model, to complement Teladoc Health’s suite of integrated solutions. When Catapult Health’s members are assessed with conditions or high-risk factors that require a health action plan, Catapult Health’s clinicians will be able to directly enroll eligible members into Teladoc Health’s diabetes, hypertension, pre-diabetes and weight management programs, and seamlessly refer them to Teladoc’s virtual mental health therapists and primary care providers. Teladoc Health will also use Catapult Health’s technology to support new product enhancements, such as providing customers with lab-confirmed A1c values on which to base population enrollment and close gaps in care.
The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions. Following the closing of the transaction, Catapult Health will operate within the Integrated Care segment of Teladoc Health.
According to data captured in the LevinPro HC database, this acquisition represents the 40th eHealth transaction of 2025, and the sixth in the telehealth specialty. There were 42 telehealth deals announced during 2024, 60 announced during 2023 and 55 announced during 2022.
This also marks Teladoc Health’s first acquisition of 2025, based on data captured in the LevinPro HC platform. The company has made four acquisitons since 2020: InTouch Health in January 2020, Livongo Health, Inc. in August 2020 and Consultant Connect in May 2021. Other acquirers in the telehealth space so far this year include Iris Telehealth, Ant Group, Avel eCare, Superpower and ONRAD.
